HMD Global, the company behind Nokia phones, just raised $100 million

Last year, a company by the name of HMD Global revived the Nokia brand and started releasing a heap of Android and feature phones under the iconic name. 2017 proved to be rather successful for HMD, and to ensure things stay that way, the company recently raised an additional $100 million in funding.

According to Reuters, new investors include FIH Mobile (a subsidiary of Foxconn) and DMJ Asia Investment Opportunity. Jean-Francois Baril, a former Senior Vice President at Nokia, lead this latest round of funding.

HMD Global sold around 70 million Nokia phones in 2017, resulting in total sales of $2.1 billion.

Per HMD Global CEO Florian Seiche —

Our aim is to be one of the leading players in the global smartphone market, and our initial success strengthens our confidence that we can continue on our growth path in 2018 and beyond.

Nokia’s already announced a heap of phones for this year, with some of the highlights being the Nokia X6, Nokia 7 Plus, and the alluring Nokia 8 Sirocco. HMD’s been using the Nokia brand to do exciting things in the Android space, and I can’t wait to see where it goes next.